Homeowners Win Class Cert. In Bear Stearns Mortgage Row

Law360, New York (September 27, 2012, 10:01 PM EDT) -- A federal judge on Wednesday certified a class of California homeowners who claim a unit of the now-defunct Bear Stearns & Co. duped them into artfully worded adjustable-rate mortgages that stuck them with unwieldy monthly payments in the years leading up to the 2008 financial crisis.

Without hearing oral arguments, Judge S. James Otero determined three homeowners — Joseph A. Monaco, Anita M. Monaco and James Brandt — sufficiently demonstrated in their February motion for class certification that Bear Stearns Residential Mortgage Corp. and servicer EMC...
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Case Information

Case Title

Joseph A. Monaco et al v. The Bear Stearns Companies, Inc. et al

Case Number



California Central

Nature of Suit

Truth in Lending


S. James Otero

Date Filed

July 24, 2009


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